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An announcement from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC announced the repurchase of 58,740 of its ordinary shares from BNP Paribas SA, as authorized by shareholders at the company’s Annual General Meeting. The shares, purchased at an average price of 5,958.11 pence, will be held in treasury, impacting the total number of voting rights, which now stands at 672,738,758. This transaction is part of Reckitt’s ongoing strategy to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6400.00 price target. To see the full list of analyst forecasts on Reckitt stock, see the GB:RKT Stock Forecast page.
Spark’s Take on GB:RKT Stock
According to Spark, TipRanks’ AI Analyst, GB:RKT is a Outperform.
Reckitt’s overall stock score reflects strong financial performance and strategic initiatives that support growth, particularly in emerging markets. While the valuation is a concern, the company’s focus on profitability and shareholder returns through buybacks and dividends enhances its investment appeal.
To see Spark’s full report on GB:RKT stock, click here.
More about Reckitt
Reckitt Benckiser Group PLC operates in the consumer goods industry, focusing on health, hygiene, and home products. The company is known for its strong market presence with popular brands such as Dettol, Lysol, and Durex, catering to a global customer base.
Average Trading Volume: 1,759,053
Technical Sentiment Signal: Buy
Current Market Cap: £39.71B
For a thorough assessment of RKT stock, go to TipRanks’ Stock Analysis page.